Luxfer Holdings PLC (NYSE:LXFR) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totalling 295,900 shares, a drop of 5.7% from the May 30th total of 313,800 shares. Based on an average daily trading volume, of 213,600 shares, the days-to-cover ratio is presently 1.4 days. Approximately 1.1% of the company’s shares are sold short.
In other Luxfer news, Director Peter Gibbons sold 1,450 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $25.40, for a total transaction of $36,830.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David Landless sold 1,250 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $23.46, for a total transaction of $29,325.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,863 shares of company stock valued at $323,643. 1.46% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of LXFR. Mckinley Capital Management LLC Delaware acquired a new position in shares of Luxfer during the 1st quarter worth $57,000. Oppenheimer Asset Management Inc. raised its stake in shares of Luxfer by 327.0% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 8,173 shares of the industrial products company’s stock worth $204,000 after buying an additional 6,259 shares during the last quarter. Investors Research Corp acquired a new position in shares of Luxfer during the 1st quarter worth $182,000. GSA Capital Partners LLP acquired a new position in shares of Luxfer during the 4th quarter worth $185,000. Finally, Northern Trust Corp acquired a new position in shares of Luxfer during the 4th quarter worth $200,000. Institutional investors own 97.62% of the company’s stock.
NYSE:LXFR opened at $22.58 on Tuesday. The stock has a market cap of $619.93 million, a price-to-earnings ratio of 14.44 and a beta of 1.02. Luxfer has a 1-year low of $16.39 and a 1-year high of $28.06. The firm has a fifty day moving average price of $23.70. The company has a current ratio of 1.92, a quick ratio of 0.96 and a debt-to-equity ratio of 0.47.
Luxfer (NYSE:LXFR) last issued its earnings results on Wednesday, May 1st. The industrial products company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.08). The company had revenue of $120.40 million for the quarter, compared to analysts’ expectations of $115.00 million. Luxfer had a return on equity of 24.27% and a net margin of 2.11%. As a group, equities research analysts anticipate that Luxfer will post 1.72 earnings per share for the current year.
The business also recently announced a dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Friday, July 19th will be given a dividend of $0.125 per share. The ex-dividend date is Thursday, July 18th.
Several research analysts have recently commented on the stock. ValuEngine raised shares of Valmont Industries from a “sell” rating to a “hold” rating in a research note on Friday. Zacks Investment Research lowered shares of Home Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, June 7th.
Luxfer Holdings Plc is a technology company, which designs, manufactures, and supplies materials, components, and high-pressure gas-containment devices for healthcare, environmental, protection, and specialty end-markets. It operates through the Gas Cylinder and Elektron segments. The Gas Cylinders segment manufactures and markets high-pressure aluminum and composite cylinders, systems, and accessories under the Luxfer Gas Cylinders and Superform brands.
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